|Policy status:||In Force|
|Policy Type:||Economic Instruments>Market-based instruments, Regulatory Instruments|
|Renewable Energy Policy Targets:||Solar, Solar photovoltaic|
|Size of Plant Targeted:||Small and Large|
|Agency:||The Israeli Electricity Authority|
|Renewable Energy Description:|
The Israeli Electricity Authority is responsible for holding solar PV auctions through 2017 and 2018 for around 1.2 GW capacity. Auctions are to bring country closer to achieving its 2020 renewable energy target (10% of RES in power generation), diverse the energy mix, increase country’s energy independence and procure solar plants in a competitive manner.
The first auction for 150 MW of solar capacity (with a possibility of extension to 300 MW) took place in March 2017 with the results being announced on 20 March 2017. The auction was extended to 234.94 MW capacity. Twenty six participants who submitted project proposals of which 12 developers were selected. Each bidder could bid for maximum of 70 MW capacity. The tender price was set at 19.9 agorot per kWh (NIS 199/MWh). Contracts are awarded for a period of 23 years from the moment of commencing generation however projects must be commissioned no later than 20 months from the announcement of auction results. Otherwise, the awarded tariff is no longer valid.
Schedule for further upcoming tenders:
In order to view a full version of the 1st Israeli solar PV auction announcement please click here.
Last modified: Fri, 25 Aug 2017 16:21:43 CEST